European Central Bank kicks rates 50 points higher and signals more such hikes to come February 2, 2023 The European Central Bank (ECB) today hiked interest rates 50 basis points and signalled further such increases are coming this year. The monetary authority of the 19 countries using the euro kicked rates higher to tame inflation, which last year hit the highest level since the creation of the common currency back in 1999. Borrowing [...]
Bank of England hikes interest rates for tenth time in a row amid recession and warns of further action to tame inflation February 2, 2023 The Bank of England today hiked interest rates for the tenth time in a row amid a recession to the highest level since the financial crisis in 2008 and warned more increases may be needed to tame inflation. The nine-strong committee of rate setters that set the base level of borrowing costs in the UK [...]
Crypto markets respond positively to softer US rate hike announcement February 2, 2023 Bitcoin is up by 3.6%, trading for $23,790 this morning, while Ethereum has jumped 6% over the same period to $1,670.
Crypto AM Spotlight: Blu Canary Capital February 2, 2023 Crypto AM turns its spotlight on Blu Canary Capital as it brings together the worlds of security tokens, gaming, sports and entertainment in the metaverse.
Federal Reserve hikes rates 25 basis points in sign Powell is nearing end of inflation fight February 1, 2023 The US Federal Reserve has climbed down to the lowest interest rate hike in nearly a year in a sign the world’s most influential central bank is nearing the end of its aggressive campaign to tame a historic inflation surge. Fed chair Jerome Powell and the rest of the federal open market committee (FOMC) backed [...]
FTSE 100 close: London index runs out of steam ahead of expected Fed interest rate hike February 1, 2023 London’s FTSE 100 edged higher this morning, before running out of steam later in the day ahead of the US Federal Reserve launching a big week for central banks with an expected 25 basis point interest rate hike. The capital’s premier index eventually fell 0.17 per cent to 7,758.21 points, while the domestically-focused mid-cap FTSE [...]
Bitcoin back into green territory as important day for markets looms February 1, 2023 The price of Bitcoin is trading up by a slight margin (0.24%) over 24 hours as it’s another day of wait and see for investors.
Decentralised assets – gold, silver, Bitcoin – has their time come? January 31, 2023 Jonny Fry takes a look at how decentralised assets line up against global debt and the way investors will want a digital future.
FTSE 100 close: Bleak IMF UK recession warning knocks pound and London index January 31, 2023 London’s FTSE 100 dipped and the pound stumbled today, both driven lower by the International Monetary Fund (IMF) warning the UK is on course to be the only major economy to contract this year. The capital’s premier index fell 0.17 per cent to 7,771.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more [...]
Bitcoin and rest of crypto in the red as investors await interest rate decision January 31, 2023 Bitcoin is trading at $22,845 this morning, down by around 2% over 24 hours, while Ethereum - at $1,573 - is in the red by 2.9%.